Developer Sharif El-Gamal faces criticism over Park51 rent

The builder charged his own struggling nonprofit $30K in 2012

TRD New York /
Mar.March 09, 2014 02:00 PM

 Sharif El-Gamal, the developer behind the controversial “Ground Zero mosque,” is facing criticism for charging his own nonprofit rent.

In 2012, El-Gamal charged Park51, the Islamic community center and prayer space near Ground Zero, $30,000, even though the organization would ended the year with a deficit of $34,120, according to the New York Post.

The group, which El-Gamal helped found, took in $107,900 in 2012, but spent $142,020, including $72,121 on salaries. In total the organization spent just $6,468 on program expenses.

“The nominal fee paid by Park51 does not begin to cover the upkeep and associated costs of owning the building, which are over $1 million a year, let alone the market value,” Hank Sheinkopf, a lobbyist and Democratic strategist who is now acting as a spokesman for Park51, told the Post.

However, El-Gamal has recently been stuck in a legal battle with ConEdison over back rent at the utility-owned building. One of El-Gamal’s real estate companies leases the building from ConEdison. [NYP]Christopher Cameron


Related Articles

arrow_forward_ios
Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park

Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park

Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

Sharif El-Gamal and MHP are now planning a Margaritaville hotel in Times Square

Sharif El-Gamal and MHP are now planning a Margaritaville hotel in Times Square

From left: 45 Park Place, Sharif El-Gamal and Vickey Barron

Corcoran Sunshine takes over from Stribling at 45 Park Place

Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site

Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site

El-Gamal claims Hidrock used insider info to “usurp” Dream Hotel site

El-Gamal claims Hidrock used insider info to “usurp” Dream Hotel site

Lam to develop Chelsea site after El-Gamal’s $60M deal falls through

Lam to develop Chelsea site after El-Gamal’s $60M deal falls through

First look: Sharif El-Gamal’s 45 Park Place

First look: Sharif El-Gamal’s 45 Park Place

arrow_forward_ios